About Raising the Social Security Tax Cap

[tibbiit]

5. I don't think that's true about paying in more

I was looking at my report from the SS dept yesterday. I have paid in $130,000 and my employers have paid on $33,000 over a forty year period. At 66 I will get around 2300.00 per month. That's not a bad deal IMO, my 401s and Ira's have done abysmal. I will no where near come to 2300 per month from those investments with more money going into them over time then my SS money I paid in. Plus in a day and age where you don't wAnt to put all your eggs in one bAsket SS is a defined benefit plan like all retirement used to be before the Reagan failed Econ experiment took place!
Tib

Ps edit. In other words SS is a great program!